Ergen Two-Year December 2021 DISH GRAT 4
4 · DISH Network CORP · Filed Dec 7, 2022
Insider Transaction Report
Form 4
Transactions
- Gift
Class B Common Stock
2022-12-05−30,516,652→ 1,983,348 total→ Class A Common Stock (30,516,652 underlying)
Footnotes (2)
- [F1]The holder of the Class B shares may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
- [F2]Pursuant to the terms of the Two-Year December 2021 DISH GRAT, 30,516,652 Class B shares were distributed as an annuity to Mr. Ergen on December 5, 2022. Following this distribution, the Two-Year 2021 GRAT holds 1,983,348 Class B shares and is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as trustee of such GRAT.